Floods in Orchard Road

Dr Yaacob Ibrahim, Environment and Water Resources Minister, says: "You can't design for rainfall of this level, it is just too huge. The thing we can accept is that we can only design our canal of a certain size, and at the end of the day, we have to live with some of these occurrences which occur once in 50 years or so. I know it is inconvenient to some Singaporeans, but on the part of PUB and NEA, we'll do our best to alleviate the problem as quickly as possible."

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A deja vu of Nov 2009, where our minister mentioned a flood of once in 50 years too :)

CapitaLand plans Singapore listing of retail unit

By Shiyin Chen
Bloomberg

CapitaLand Ltd., Southeast Asia’s largest developer, plans to list its CapitaLand Retail Ltd. subsidiary in Singapore to tap growth in Asia’s shopping mall industry.

CapitaLand Retail will be renamed CapitaMalls Asia Ltd. and will have stakes in and manage malls valued at S$20.3 billion ($14.4 billion) as of June 30, the company said in a statement to the Singapore stock exchange today. The unit will take control of CapitaLand’s retail real estate fund and property trust management business.